Fossil fuel firms are suing governments across the world for £13bn after climate policies threaten their profits. Navraj Singh Ghaleigh, senior lecturer in climate law at Edinburgh University, says climate litigation is becoming 'increasingly frequent'.
The Energy Charter Treaty was created after the end of the Cold War and was designed to provide a stable, transparent legal framework that protected foreign investors as energy markets opened up.
"They're suing governments who take climate action through secretive corporate courts, massively increasing the cost of climate action". "When world leaders gather in Glasgow, they'll make lofty promises on climate action, but it will all be for nought if fossil fuel companies can sue governments into a state of climate paralysis. It could make a mockery of pledges at COP26."
"Clearly it is not equitable to change the rules halfway through. It is also important to note that those rule changes made by the Italian government were not related to climate change and that Italy continues to produce significant quantities of oil and gas within 12 miles of the coast."
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